Economics and politics - comment and analysis

Climate change politics lack economic rationale

Cross-posted from Brussels Morning (https://brusselsmorning.com)
The coronavirus pandemic is a setback for the environmental movement as it shows how governments can disrupting economic activity but fail to manage major economic transitions.
US President Joe Biden has brought new momentum to the climate change debate by calling on developed economies to scale up efforts to move away from fossil fuel-based economies. …

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Turkey and the mirage of monetary sovereignty

Cross-posted from Brussels Morning (https://brusselsmorning.com)
Turkey has fallen into a traditional carry-trade trap that is destabilising its currency; the structural solution to the challenge at hand would be to join a currency bloc.
The Turkish lira’s exchange rate has been in the international financial markets’ focus for months. …

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Public Investment: why America’s “more” is better than Europe’s “too little”

Cross-posted from Brussels Morning (https://brusselsmorning.com)
The US is deploying approximately 25% of its GDP to bolster the economy in comparison to a more timid approach from Europe, the former will likely prove better for labour market recovery.
There is now hope that the global economic situation will rebound as the pace of vaccination picks up. …

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